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20130113
20130121
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KRCB (PBS) 15
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English 15
Search Results 0 to 14 of about 15 (some duplicates have been removed)
of state services like health and welfare, a limit on property taxes, plus republican legislators' refusal to raise taxes created a dilemma in the world's ninth largest economy. with budget cuts coming like ock work, the state's college and university systems declined in offerings and in reputation. schools suffered cutbacks in personnel and programs. services for the poor were trimmed by $15 billion since 2008. state workers were furloughed. then in 2010, promising to use his long honed political skills to fix the state, jerry browne, a democrat, was elected governor. 30 years after he held the job in the '70s. he faced a $26 billion deficit and started making more cuts and changes like transferring inmates from the state's overcrowded prisons to county jails and closing down local redevelopment agencies using the money for the state budget. meanwhile, the economy started to improve in fits and starts bringing in more tax revenue. but it all wasn't enough. brown proposed to california voters a measure to raise income taxes on the wealthy and sales taxes for everybody. to the feun of $5.6
. >> i pay my taxes, and i demand the right to express myself so people can hear what i have to say. >> of course. but we have invited you here for a discussion. >> you want an argument. >> the founder of an international car supplier demands respect for the jobs he has created any money he has generously donated, but he does not care to mention his many failed enterprises, the austrian subsidies he has received, or the fact that he pays a good portion of his tax abroad. he pushed for a training program for future ministers and a refuge for those who have been booted out. experts do not think much of his current manifesto. one policy is to introduce national bureaus with differ exchange rates depending on the financial situation of the respective countries. >> he wants a flat tax, what he calls aair tax. he wants to tighten the law for asylum seekers. there are a lot of issues that he stole from the 1990's. >> the similarities to not end with policies. five mp's from the alliance for the future of austria have already joined him, sending his party straight to parliament, although it
a listen. >> there may be some tax provisions that can encourage businesses to hire sooner rather than sitti on the sidelines. so we're taking look at thos i think it is important, though, to recognize that if we keep on adding to the debt, even in the midst of this recovery, that at some point, people could lose confidence in the us economy in a way that could actually lead to a double-dip recession. >> i remember that well. and at the time it was going on, i do occasionally find myself in meetings with very serious people myself. i guess i am personally one now and then. there was this widespread view among people, and not all of it venal, not all of it self-interested, that somehow things were hangg by a thread. that any day now we could have a run on u.s. government debt, which was wrong. but, okay, i can see how people could for a while have believed that. but a lot of time has gone by since then. and i hope that at least some people have learned better. but it's amazing how little the continued failure of these warnings to actually be vindicated by anything has -- how little of t
in the capital gains tax, which didn't come to fruition, but nevertheless, prudent visitorinvestors sold the stock. and from that standpoint, the stock attracts current levels, especially out of earnings. >> susie: and earnings are coming out next week, and we'll be tracking that. and we'll see how the stock does after that. thanks, david, david garrity. >> tom: investors sorting through a slew of economic data today. u.s. industrial production hit its highest point in more than four years in december, while consumer prices, were flat last month, pointing to muted inflation pressures. still, the u.s. major averages ended mixed: the dow off 23 points, pulled lower by weakness in boeing shares, the nasdaq rose six, the s&p up just a fraction. >> susie: and the federal reserve's latest snapshot of the u.s. economy isn't picture perfect, but it is positive. today's beige book report showed signs of solid overall economic growth. each of the fed's 12 districts showed either "moderate" or "modest" growth, steady or expanding real estate activity, and some growth in consumer spending from decem
no more tax increases, none. well that's starting from a position of not negotiating. because you can't have entitlement changes without more tax changes. >> rose: yeah. let me turn to gun control watch. dow expect vice president bidetone suggest to the president tomorrow, majer? >> well, several things, charlie. i think he's going to say what the president has already said. he wants to reinstate the assault weapons ban, first put into law in 1994, set on a ten year sunset, was not renewed when it expired. a if you ban on the large capacity ammunition clips, those magazines that hold more than ten bullets, sometimes up to a hundred. and some type of beefing up of the mental health and criminal background check system, currently it applies only to federally licensed firearms dealers. some gun shows don't have all those dealers there and private sales aren't covered. that is a very difficult thing to do from a gun registry and absolute data sealed off sort of way to approach that. the nra has some very strong objections and members of congress might be skeptical rather to a complete req
died in minus 4. if there is a tax which happens when corinius is the liggot of syria as luke says, we know that a tax that happened in plus 6. so you have to pick where you want, matthew and luke named different points. >> is there an abundance of evidence forthcoming from archeology and other sources that will settle all of these matters, do you think, upcoming? >> well, it's hard to say. you know, who knows what remained buried in the sands of palestine but -- >> do you draw hope from the rapprochement that may take place between syria and israel? >> i think anything that opens up the land to exploration, archeological exploration is going to be helpful. >> you think there's a lot more there/. >> you don't think it was bethlehem. >> that's right. >> there was a controversial word used by jeffrey sheler a year ago and that was mary was a virgin at the time she gave birth to jesus, correct, that's what he said? no, jeffrey said that's what the gospel writers said, am i correct? >> that's right. >> quoting the gospels, thank you for the correction, i'm glad to see the principles of sch
school? mr. obama demands of will to pay their fair share of taxes but he is just another elitist hypocrite when it comes to his fair share of security. protection for his ks angun- free zones for hours. -- for ours. >> at the white house, and jay carney called the ad cover the. the nra says that the ad is not aimed at anyone's child in particular. anyone who says otherwise is changing the topic and missing the point. sales have gone through the roof. can the president moving mountain this time around? >> no, and it is trupublic inion has changed, there is more desire for gun control than ever but i do not think congress will budge on the big stuff. what the nra did was odious. i think the president is on the high ground, but he will not get real gun-control done. >> the 23 executive actions were fairly trivial, nothing major about it. i think it will not have any effect. it was the appearance of motion. the three big items on the table for the cgress, assault weapons b, limit othe size of the magazine clip, and universal background checks -- the last one has very strong public op
run and now they know what their tax situation is of for 2013 based on what happened in washington recently, and the ones work say i have nigh job, interest rates are low. it's not that bad. i want to take my vacation. >> susie: is business strong enough that you're going to add some jobs and what are your hiring plans? >> every time we launch a new ship, it brings on a lot more employees. we're 20,000 strong at this point. and if you think about there are a couple of thousand that come along with each new ship we're building in the future here. >> susie: kevin, thank you so much. great talking with you. >> appreciate it, take care. >> reporter: still ahead, more than half a million people are expected to converge on washington this weekend for the president's inauguration. we'll take a look at the economic impact. >> tom: u.s. stocks were little changed, despite a big jump in growth in china. china's economy rose by nearly 8% during the last three months of 2012, up half a percent from the previous quarter. still, for the year, china's posted its weakest annual performance since t
term, to spend as much as he needs to establish the entitlement state and tax at a higher level to pay for it. jack lew is exactly the kind of liberal historically who has been his warrior on the front in negotiating on this. there is no indication that lew would go in any other direction, and it is clear to me that by this series of agreements obama has made, unlike added a first term more features people of independent stature, he has gone from a team of rivals to team of underlings. >> well, that is one nomination, but the nomination of former srepublican senator chuck hagel to head the department of defense has generated heat and light. zbigniew brzezinski, general john johns, brent scowcroft, as well as colin powell and former defense secretary bob gates. the senate has rejected only nine cabinet nominees to will chuck hagel be the 10th? >> i don't think so. i thought he would have an easier time that he has, but when all is said and done, there are lots of people from the bush administration, high-visibility people -- npr on friday morning , one spoke extreme in the -- extremely
that was good risk/reward. on the dividend theme i think our call was that the tax rate wasn't going to rise the way it was written in the law. we have seen that and this is a pretty compelling group of stocks. you have low payout and bond rates are low so you can buy dividend stocks that yield well relative total attorney difficults in the bond market. on the megacap stocks you have a lot of large high quality american companies that should be able to grow at or higher than the rate of the market or cheaper than the market and also have those higher dividends. >> susie: and the other two sectors that you also recommend to your morgan stanley clients, health care, companies like cardinal health, and industrials like honeywell, general motors what is the story there? >> well, for health care look, when you want to be a little defensive in the markets's natural for people to think about two sectors, health care and staples. we really like health care more than staples right now. we see that pretty clearly. health-care companies are beating estimates more, they have higher cash balances and you
adjust to smaller paychecks due to higher taxes. >> the hit toncom are going to be a first quarter event for the most part, so much of that effect will be felt in the first quarter and it gradually dissipate in our view as the year wears on. >> reporter: so, what will it take for the economy to return to much stronger footing. many say the answer lies with the housing market, which needs to built a stronger foundation. that brings us back to lenane and one of her listings. it's a five bedroom condo with river views. it can be yours for $4.75 million. >> to be able to get 3,100 square feet in manhattan is a real rarity, especially the bedroom count because people are really having families and staying in the city. and, this apartment really speaks to that. so that's why we've had such great traffic. >> reporter: traffic maybe, but will it sell? perhaps if the economy continues to show fresh signs of life. suzanne pratt, "n.b.r.," new york. >> tom: disappointing. that describes the last quarterly financial performances from two of the country's biggest banks, bank of america and citigroup.
of their own way in terms of december sprattly kneed economic reform, tax implication, dealing with corruption, opening foreign direct investment ashes lot of indian entrepreneurs are increasingly looking where to invest outside of the country it is not blowing up but underperforming a, underperforming a. >> rose: the political system is not working. >> it is not working well. >> rose: and finally south africa. >> what a sad thing nell son mandela is hot doi wel one ofhe greatt men we have seen in the past century, 9 94 years old is not able to oversee improvement of his government, .. the turn -- >> rose: no political talent in south africa. > very little talent, you see the talent going away, the best who just left the party, by far, you and industry met him on many occasions and he is gone, he bolted, rama know/foe stow one of the wealthiest businessmen, number 2, he is pretty incapable, it is really a turn toward the lowest the denominator of politics, and it is a hell of a lot of populism, south africa is not performing so you look at the brics and brazil is doing well, although the growt
share of taxes, but he's just another elitist hypocrite when it comes to a fair share of security. protection for their kids and gun-free zones for ours. >> suarez: today, a white house spokesman called the ad with its use of the obama children repugnant and cowardly. >> brown: coming up, we'll have reaction to the president's approach. also ahead: general stanley mcchrystal; the obama campaign's online push and a cyclist's confession. but first, the other news of the day. here's hari sreenivasan. >> sreenivasan: president obama is losing another member from his first-term cabinet. interior secretary ken salazar announced today he will step down in march, after four years on the job. salazar pushed for greater conservation and renewable energy. and, he oversaw a moratorium on offshore drilling after the b.p. oil spill in 2010. industry groups said the shutdown cost thousands of jobs, but salazar defended it today in his departure statement. attackers in algeria stormed a b.p. natural gas complex today and took dozens of foreigners hostage, including seven americans. at least two p
Search Results 0 to 14 of about 15 (some duplicates have been removed)